Cookies help us display personalized product recommendations and ensure you have great shopping experience.

By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
SmartData CollectiveSmartData Collective
  • Analytics
    AnalyticsShow More
    cybersecurity efforts
    How Behavioral Analytics and AI Are Redefining Cybersecurity for Boca Raton Businesses
    14 Min Read
    data driven risk management in heatlhcare
    How Data Analytics Is Changing Healthcare Risk Management
    17 Min Read
    big data and customer service outsourcing
    How Data Analytics Improves Customer Service Outsourcing
    18 Min Read
    How a Specialized Marketing VA Improves Campaign Analytics
    How a Specialized Marketing VA Improves Campaign Analytics
    11 Min Read
    New Data Analytics Breakthroughs Give eCommerce Startups a Fighting Chance
    New Data Analytics Breakthroughs Give eCommerce Startups a Fighting Chance
    6 Min Read
  • Big Data
  • BI
  • Exclusive
  • IT
  • Marketing
  • Software
Search
© 2008-25 SmartData Collective. All Rights Reserved.
Reading: Selling IT disaster recovery to your board of directors
Share
Notification
Font ResizerAa
SmartData CollectiveSmartData Collective
Font ResizerAa
Search
  • About
  • Help
  • Privacy
Follow US
© 2008-23 SmartData Collective. All Rights Reserved.
SmartData Collective > IT > Selling IT disaster recovery to your board of directors
IT

Selling IT disaster recovery to your board of directors

onlinetech
onlinetech
5 Min Read
SHARE

 

IT Disaster recovery is all about protecting your data, and the cost of data loss can be staggering. According to the Institute for Business and Home Safety, an estimated 25 percent of businesses do not reopen following a major disaster. As a business, you spend an enormous amount of time, planning, and money into making your organization successful. But what are you doing to protect yourself against a disaster?

 

More Read

big data management in cloud computing
Best Practices For Big Data Management In Cloud Computing
VPNs Are Crucial for Data Security on Public Wi-Fi
Current Landscape and Applications of Blockchain Explained
4 Considerations When Choosing a Hadoop Distribution
Big Data Analytics in Latin America: Stormy Waters, but the Tide is Rising

IT Disaster recovery is all about protecting your data, and the cost of data loss can be staggering. According to the Institute for Business and Home Safety, an estimated 25 percent of businesses do not reopen following a major disaster. As a business, you spend an enormous amount of time, planning, and money into making your organization successful. But what are you doing to protect yourself against a disaster?

If it’s time for you to re-evaluate your current DR position, make sure your board of directors knows the above statistic and remembers to budget accordingly. The most important point to make when it comes to selling DR to your board is that they recognize the company’s sensitivity to downtime, which is typically gathered from a Business Impact Analysis. That cost or impact will be different for each company, but if your application is a major source of revenue for you, it may only be minutes or even seconds that you can afford to lose. That’s not a lot of time.

If you have hard numbers to back up your downtime sensitivity, that will have a huge impact on your board. It will equate back to revenue, lost customers and a damaged image in the marketplace, which is what board is most likely focused on. For further effect, show how the cost of building, maintaining and having a DR infrastructure is realized if your site has a certain amount of downtime.

You’ll probably face concerns about these two points:

  1. How much it will cost to maintain something you might not need?
  2. What’s the likelihood that you really will have a disaster that completely wipes out your production site?

These can be, unfortunately, hard to answer, because you simply never know what will happen. You could face an equipment failure, catastrophic data loss, or a power outage long enough to affect your emergency power source. All of these scenarios (as well as many more) are very likely, and given your sensitivity to downtime are probably more likely than your executive team is willing to live with.

However, with what’s happening in the world nowadays it’s unlikely you’ll have much trouble selling DR to your board. Most companies are already aware of the importance of disaster recovery and allocate budgets to it accordingly. Ignorance or naivety are no longer factors in denying funds to IT departments for DR.

Once you’ve cleared the hurtle of selling DR itself, it’s time to propose the options you’ve identified. Unless you are a sizable company, you probably shouldn’t host the infrastructure yourself. If you have to look into all avenues though, determine a CAPEX appropriate for your company size and business needs, and do some research to see how much you need to fully support a DR solution yourself (this includes licensing costs, staff time and recurring training, just to name a few). Compare your results to what a service provider charges, and recommend the option that is more valuable to your company.

There are some major advantages to using Disaster Recovery as a Service:

  • Your time to deployment will be much faster
  • You’ll be able to take advantage of the provider’s staff expertise, freeing your department to focus on your core competencies
  • Your ability to use the provider’s monitoring and reporting tools to track adherence to your SLA
  • You will realize potentially millions in savings in capital costs, leaving you only with operating expenses, which are much more manageable
  • Oh, and you’ll sleep better at night!

When it comes to protecting your data, disaster recovery is a critical step. Leveraging the talents and resources of a DRaaS provider can alleviate the monetary concerns that come with hosting your infrastructure yourself. Make sure your CEO or board of directors understands the economic advantages of making such an investment and approves an option that protects your business.

 

Share This Article
Facebook Pinterest LinkedIn
Share

Follow us on Facebook

Latest News

cybersecurity efforts
How Behavioral Analytics and AI Are Redefining Cybersecurity for Boca Raton Businesses
Analytics Artificial Intelligence Exclusive Security
data driven risk management in heatlhcare
How Data Analytics Is Changing Healthcare Risk Management
Analytics Exclusive
big data for non-QR lending in real estate
How Real Estate Investors Can Use Big Data for Non-QM Lending
Big Data Exclusive
ai video ad generation
How to Build High-Performing Ad Creatives with an AI Short Ad Video Maker?
Artificial Intelligence

Stay Connected

1.2KFollowersLike
33.7KFollowersFollow
222FollowersPin

You Might also Like

Cybersecurity Threats
Security

Social Engineering Attacks and Other Cybersecurity Threats to Be Aware of in 2023

7 Min Read
Websites and Apps
ITPrivacySecurity

3 Ways to Keep your Websites and Apps Stable and Scalable

4 Min Read

Location Intelligence and Mobile BI: Advancing Customer Relations in the Finance and Banking Sector

8 Min Read
How an IT Help Desk and Other Tools Can Reduce IT Support Tickets
IT

How an IT Help Desk and Other Tools Can Reduce IT Support Tickets

6 Min Read

SmartData Collective is one of the largest & trusted community covering technical content about Big Data, BI, Cloud, Analytics, Artificial Intelligence, IoT & more.

ai chatbot
The Art of Conversation: Enhancing Chatbots with Advanced AI Prompts
Chatbots
AI chatbots
AI Chatbots Can Help Retailers Convert Live Broadcast Viewers into Sales!
Chatbots

Quick Link

  • About
  • Contact
  • Privacy
Follow US
© 2008-26 SmartData Collective. All Rights Reserved.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?